Readers of this blog know that I am an advocate of demand-side economic policy. Logic and experience have established the failure of tax cuts for the wealthy to improve the economic condition of most Americans. Even some beneficiaries...Show More Summary
After gutting Federal Government's revenues to pay for tax cuts for the wealthy, Trump is looking to save some nickels by ruining our National Park Service.
After years of demanding balanced budgets from President Obama—despite a stagnant economy in need of investment—conservatives have reversed course. Under President Trump, Republicans have enacted trillions of dollars in tax cuts and spending hikes, busting the federal budget at a time of growth and low unemployment. Show More Summary
For Donald Trump to unveil this budget plan after approving massive tax breaks for the wealthy is obscene.
I don't know much about deficits and debts. I'm a liberal, right, so that's not really my thing, but you know, if President Obama had given a massive tax cut to the wealthy and then asked for trillions of dollars...
The Tax Cuts and Jobs Act tax preference for farm co-ops would distort agricultural activity and create tax planning opportunities for wealthy taxpayers.
Expand and improve these programs: don’t cut them. Fresh off passing massive tax cuts for corporations and the wealthy, Trump and congressional Republicans want to use the deficit they’ve created to justify huge cuts to Social Security, Medicare, and Medicaid. Show More Summary
Millions of Americans will see an ad “starring” President Donald Trump telling the truth about his new law that hands out tax cuts for the wealthy. The ad is expected to run during coverage of Trump’s State of the Union address Tuesday night. The progressive group Not One...
New York, New Jersey, and Connecticut are pursuing a questionable legal strategy to overturn the cap on a federal tax deduction that benefits the wealthy.
THE NEXT BIG FIGHT Fresh off passing massive tax cuts for corporations and the wealthy, Trump and congressional Republicans want to use he deficit they’ve created to justify huge cuts to Social Security, Medicare, and Medicaid. As House...Show More Summary
Despite their zeal for slashing services so many people depend on, Republicans love to dress themselves in Dr. King's words. If the GOP was writing a Tinder profile, its hobbies would include cutting taxes for the wealthy, pretending...Show More Summary
At least two major companies that publicly announced large bonuses for their employees after the passage of a massive GOP-led tax overhaul — which represented a windfall for wealthy Americans and big corporations — quietly laid off hundreds of workers at the same time. Comcast laid off more than 500 sales employees right before Christmas, […]
The recently passed Tax Cuts and Jobs Act caps the federal deduction for state and local taxes (the SALT deduction) at $10,000. That’s bad news for people who pay a significant amount in such taxes and relied on the SALT deduction to reduce their federal-tax liability. Show More Summary
Conservative Congressman Robert Pettinger (R-NC) claimed on MSNBC that the tax benefit would be good because Americans own corporate stock and that it would have been socialism if taxes were not cut for the wealthy. “Why are the majority of the benefits going to the wealthy? Why aren’t...
When is a tax hike on the wealthy a tax cut for them? Answer: When congressional Democrats say so. That is the message that congressional Democrats have been giving the public in response to the federal tax legislation that President Trump signed into law on 12/22/17. This tax hike on the wealthy isn’t just from [...]
The Republican Congress has passed a tax plan in which more than four-fifths of the long-term tax cuts are steered to the extremely wealthy, and are offset by future tax increases for a significant fraction of the party’s own voting base. Republicans plan substantial cuts to government services that those voters use and like. This […]
Welp, the Republicans passed their tax plan through Congress on Wednesday, which includes huge tax cuts for the wealthy and corporations. The middle class? In a decade, they'll actually see higher taxes. All that's left is for President...Show More Summary
On Wednesday, following the GOP passing a new tax plan, Seth Meyers took a “Closer Look” at the bill President Trump has been marketing as a “Christmas gift to the middle class.” The Late Night host was not particularly impressed with this present. “Republicans passed a sweeping overhaul of the ... More »
A NYT article on the Republican tax cut told readers: "When President Trump adds his distinctive signature to the tax bill, he will also be making a huge bet that the Republican strategy of deep cuts for businesses and wealthy individuals will fuel extraordinary growth across the board."Perhaps more than any other American political leader, Mr. Show More Summary
It's a miserable day in American history. Republicans have passed a bill that will give corporations and wealthy millionaires massive tax cuts while reducing the services for virtually everyone else. They've included enrichment provisions that will benefit the president and senators who have been on the fence, and by lying to the American people. Show More Summary